1.

Banking Supervision Commission:

It is a committee affiliated with the Governor of the BDL, it was created on 9/5/1967 and consists of 4
members and the Governor is the President. This committee aims to maintain financial and banking
stability. Relations with the BDL is that of cooperation and coordination where the committee can by
decision of the Governor Audit the status of a current bank It is subject to the supervisory authority of
the Superior Banking Commission because this body certifies its work and any modification thereof
The scope of its work is limited to: commercial banks operating in Lebanon, local financial institutions,
brokerage companies, leasing companies and registered exchange companies.

The committee fulfills two roles:

• Office monitoring: This is the monitoring carried out by the committee from inside its offices through
specialized observers.

• On-site supervision: This is very important supervision, as it complements the office's supervision
work, particularly in terms of verifying the validity of periodic bank statements from the BDL the
Banking Control Commission. They are assigned to monitoring the work of banks and financial
institutions. Its team is made up of 3 to 7 observers. Field supervision has an important role because it
studies the banking risks to which the bank may be exposed and precisely sterilizes the administrative
situation. It is divided into 3 stages: First, it makes preliminary preparations where it gathers
information from several departments of the committee in the form of a comprehensive field report on
the conditions of a particular bank. Secondly, you go to the bank and carry out follow-up operations,
where you inform the bank manager of the mission entrusted to the field team, then the main managers
get to know each other. Finally, you write a detailed and complete report at the end of the study which
he carried out.

2. Special Investigation Commission:

It is a body affiliated to the ruler, and one of its tasks is to combat money laundering and combat the
financing of terrorism, which is considered a cross-border crime. It receives reports of suspicious
transactions, analyzes and verifies them, and ensures that lists of suspicious accounts are provided by
all banks and financial institutions. After verifying suspicious transactions, you lift bank secrecy on the
accounts and then impose penalties.

a. Combating money laundering: It is any act or attempt to conceal the source of funds resulting
from a criminal act or dealing with illegal funds, which is considered a predicate crime. The
authority investigates suspicious transactions by lifting bank secrecy on suspicious accounts.

b. Combating the financing of terrorism: It is an act intended to provide material support or

assistance in providing resources for carrying out terrorist operations. The easiest way to collect
money is to fund through charitable work, so that groups under the name of charitable work
collect money and provide it to terrorist organizations.

3. Financial Operations Directorate:

The Lebanese economy is based on the Lebanese pound and the US dollar. There are policies that
affect the overall economy and they are:

1- Economic legislation and control by ensuring the validity of competition through transparency, i.e.
honesty and open work, in addition to holding everyone who makes mistakes accountable. In addition,
the fight against monopoly by ensuring the validity of competition, which is the responsibility of the
Ministry of Economy.

2- The fiscal policy, which is the responsibility of the Ministry of Finance through preparing the
general budget, collecting taxes and giving tax incentives.

3- Monetary policy, which is the responsibility of the Central Bank, whose mission is to maintain the
safety of cash when there is gold coverage and to secure low inflation rates.

The Banque du Liban determines the interest on the financial market as the price of money through the
equilibrium point between the supply and demand for money that determines the amount of money in
circulation and the interest on it. The Banque du Liban can influence the volume of liquidity in the
market in 3 ways:

• If he wanted to reduce the volume of liquidity in the market, he would raise the mandatory reserve
ratio, which would raise the interest, and vice versa if he wanted to raise the volume of liquidity in the
market.
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• Carrying out cutting operations by selling foreign currency in the market to reduce the percentage of
liquidity in the Lebanese currency.

• Carrying out open market operations through buying and selling treasury bonds to and from banks to
influence the level of liquidity.

4. Human Resources Directorate:

Established in 1963 with the establishment of the Bank of Lebanon under the name of the Directorate
of Administrative Affairs. In 1993, the Governor decided to restructure the bank and established new
directorates and distributed them to his deputies. In 2005, the Directorate of personnel changed its
name and included three interests: The employees' interest in salaries, wages and administrative matters
for employees, the health interest that deals with medical matters and the social interest that is
interested in paying the Social Security Fund. In 2005, she became the Directorate of Human
Resources, where she applied strategic thinking. The Governor of the Bank has no other powers of
employment, promotion and promotion of employees. The Directorate is responsible for personnel
matters and the application of legal provisions relating to labor law and social security. Consists of 6
interests: Polarization, employment/planning, qualification/salaries, wages/employees/audit/medical
services.

She works with the Ministry of Finance where she pays the payroll tax and wages for her employees. It
also works with the State employees' cooperative because some of the employees' spouses work in the
state institutions. And, finally," with the Social Security Fund, where it pays contributions and
regulates employees' transactions as guaranteed by the Social Security Fund.

Employees benefit from 3 guarantees from the Social Security Fund:

1. Sickness and maternity insurance: The employee must have completed 3 months of work since
the start of the Social Security Fund registration and the company has paid the required
contributions.the employer pays 7% of the monthly wage contributions and pays 2%, provided
that the maximum paid amount is 2,500,000 L.L. As for the Bank of Lebanon, the amount of
567,000 L. For every content and who is responsible for it.
2. Family compensation system: The employer pays the full contribution by 6% and the maximum
paid by the employer must be 1,500,000 LL.. Every employee must inform the administration
of any change in family status such as marriage, divorce...
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 3. End-of-Service compensation system: Employer pays the full contribution at 8.5%. The
remuneration benefits from this compensation provided that he has completed at least 20 years
of service or has a disability of at least 50% that prevents him from doing any other work.

5. Department of preparation and Training:

The Directorate of preparation and Training was established at the Bank of Lebanon in 1996. It now
has three interests: The Planning and Development Department, the Program implementation
Department, the Financial Education Department. The main purpose of this Directorate is to improve
the quality of training especially for new staff in the bank as well as university students who conduct
training courses in the bank.

The Directorate of preparation and Training carries out its tasks through numerous local and external
conferences and training programs, targeting the employees of the banking, financial, economic,
private and public sectors, the most important of which are:

Sending the Bank's various staff on external training missions to foreign central banks and international
financial institutions.

2. Partnership with the higher Institute of Business and training courses for Arab and foreign central
bank staff, as well as for the employees of the Bank of Lebanon and the Lebanese financial sector.

Coordination with secondary schools, hosting students during the school year, preparing training
courses for them, coordinating with Lebanese universities and receiving students during the summer
holiday.

6. Cash Operations Directorate:

The Directorate of Cash Operations consists of a Director, Secretary and 9 interests:
1- the issuing Authority: It shall send the papers and coins to the trade safe and branch storage
where needed. It also receives requests for withdrawals and deposits from commercial banks a day
before their execution.
The funds Department: The Trade Safe is received in the centers and branches by the Bank of
Lebanon payments and customer receipts. Fund trustees carry out arrests and payments by
intermediary circular No. 319.

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 The counting and counting Department: After and counting the deposits of the Bank of Lebanon
clients and sorting the banknotes and coins.
The interests of destruction: Destroy invalid banknotes.
The accounting department prepares the annual budget of the Directorate and manages the accounts
of the Bank of Lebanon clients and the expenses and imports of the Directorate.
The Treasury Department: Manages the operations of Treasury bonds to the public.
The Technical Support Service (TSS) monitors the proper functioning of machines and handles
minor faults. They are also technical condition books.
8 – the Department of the Museum and the Memorial
The Anti-counterfeiting Administration shall maintain and analyze forged banknotes and coins and
coordinate with the competent authorities. The condition books are for printing banknotes and
coins.

7. Finance Unit:
Among the most prominent loans offered by the Bank of Lebanon are:

1. Kifal Corporation: This company contributes to financing bank loans to support small and
medium enterprises. Guarantees are provided starting from 75% to 90% depending on the
program. The loan value is between 65 and 650 million for all currencies for guarantee
programs: Basic, additional, innovative and start-up, small-scale farming and green guarantees.
In the range of 300 to 1320 million Lebanese Bira only for guarantee programs: Innovation,
energy, renewable energy for internal use, renewable energy sold to third parties. The period of
loans between 7 and 15 years includes a grace period between one and three years maximum.

2. Incentives 2009: This Open Loans Scheme began on 1/1/2009 to finance new projects and
expand existing settlements in all economic sectors except real estate development. A grace
period is provided between 6 months and 4 years from the date of exchange. The payment
period is 10 years with the end of the grace period. The interest rate is 5.14% in Lebanese Bira
and in foreign currencies the cost of the money + 2%
3. Small loans: They are granted to small businesses with 4 people working and without helping
them create and develop their own production, tourism or business projects. The maximum
loan is 20 million Lebanese lira and the repayment period is 3 years

4
 4. Education loans: These loans are granted in the Lebanese Balirah to support tuition fees in
various educational institutions. It is paid within 10 years and its interest does not exceed 3%.

5. Environmental loans: Loans granted to finance new projects designed to contribute to the
preservation of the environment , to mitigate the environmental impact or to finance the
development of older projects to become environmentally friendly. The interest on these
loans in Lebanese lira is the interest calculated on the Lebanese treasury bonds for two years,
either in the dollar or the euro, the rate of laipur for three months + 6%.

6. Media Production Loans: These loans have established 1% interest to support media production
for a period of 16 years with a two-year grace period. The maximum loan limit is 4.5 billion
Lebanese pounds, provided that 90% of the media work is in Lebanon.

8. Accounting Directorate:
The Directorate provides the bank with information, reports and statements of all kinds by recording
the calculations, showing the status of the accounts and facilitating their monitoring within the
accounting standards adopted by the Bank of Lebanon.

From the tasks of the Directorate:

- Monitor and audit calculations every day

- Calculate interest on current and frozen accounts of employees
- Opening and closing internal accounts
- Prepare the budget for branch expenses
Consists of 3 sections:
- Central accounting: This section prepares the interim budget and coordinates with departments
for amendment and closure of units
- Banking: You are reviewing laws and circulars and are preparing a temporary balance sheet
- Daily operations: You monitor closing calculations at the end of each day

5
 9. Foreign Affairs Manager:
On 23 December 1993, the Governor Riad Salama took up his duties in the bank. The Directorate's
functions are limited to the follow-up and preparation of research and studies related to the bank's
relationship with foreign and domestic institutions and can also develop reports, research and special
studies. Consists of 14 employees divided into 3 sections:

- Strategic Communication benefit: It prepares letters to the deputies of the Governor

- The interest of external relations
- DCI: This Section was created on 8 February 2008 after the DCI was incorporated into the
Directorate of Foreign Affairs
Main work of the Directorate:
- To examine the files received by the Governor from the bodies established with the Bank
- Study of reports and books transmitted to the bank by various local institutions (ministries, public
departments and banking associations) issued by local external institutions (Lebanese embassies
abroad) or international organizations

10. Kafalat Company:

Kafalat was founded in 2000 as a publicly-beneficial Lebanese financial corporation that helps small
and medium-sized enterprises operating in Lebanon to obtain bank financing, by granting bank loans
based on studies and work plans submitted by loan applicants. Kefalat's programs are aimed at small
and medium-sized enterprises operating in one of the following economic sectors: Industry, agriculture,
tourism, artisanal production, and advanced technologies.

Support programs have been created to reduce the financial burden on SMEs that borrow to finance
their activities: Basic, additional, innovative, start-up and innovation, for small agricultural enterprises,
green, energy, renewable energy for internal use, renewable energy sold to third parties.

The objectives of this company are:  

6
 1. Servicing borrowers:

The guarantee provides a guarantee to the banks, thereby reducing the risk of the loan to the bank, thus
increasing the bank's desire to finance this activity.

Servicing of lending institutions (banks operating in Lebanon):

By reducing the risk on loans faced by lending banks.

3. Serving the Lebanese economy:

Kifaat helps these institutions obtain loan financing from the banking sector, enabling them to increase
their productive capacity by developing the financing of their economic activities, thus increasing their
investment and long-term production, as well as increasing employment opportunities.

11. Islamic banks:

Established in Lebanon on 11 February 2004. It has established 5 banks in Lebanon. Islamic banks are
defined by the concept of Lebanese law as a bank whose system includes compliance with Islamic law
and non-violation in its operations. The Lebanese law set the bank's capital at 150 billion Lebanese
pounds, which are to be freed in cash." If the banks belong to a Lebanese commercial bank or a
foreign bank whose capital exceeds 150 billion Lebanese lira, the value of the capital will reach 30
billion Lebanese lira.

Banks carry out several financial operations:

1. Speculation: The employer (the customer) places deposits in the bank (speculators), the latter
invest them in the market and divides the profits according to the agreed rates. In the event of
loss, the employer shall bear the full losses.
2. Participation: The customer and the bank shall place an amount of money to invest in and shall
distribute the profits according to the ratio of the parties to the contract and the losses according
to the proportion of the capital that each party has traded.
3. Murabaha: The sale of movable or immovable funds at the cost-plus-profit rate. Payment can
be by installment.
4. Ijara
5. Ladder and parallel stairway: The bank will give its client an amount of money, and in return
the customer will deliver a certain amount of transfers at a specified time.

7
 6. Parallel Stacker: A process between a vendor and the bank that the bank will go to a third party
to make a particular commodity and the bank will deliver it to the seller.
7. Equity investment
8. Instruments
9. Symbiosis

12. Branch Directorate

The Branch Directorate was established in 1978. The Directorate, the branches, and the five interests
are coordinated:

1. Accounting Department:
 Budget for the expenditures and assets of the branches (preparation and implementation)
 Consistent operations
 Monthly postures u
2. The Treasury Department and Operations

To coordinate with the Cash Operations Directorate in relation to:

 Branch stock of cash

 Supply and transfer of funds
 Monitor different cash ratios

Coordinate with the Financial Operations and Payment Systems Managers on the organization and
consolidation of working mechanisms for Treasury bonds and current accounts.

3. The Department of Etudists

Coordination with the Directorate of Studies and Research in connection with:

 The operation of the economic and social information gathering units

 Refer studies, reports, statistics and information to the Directorate of Statistics.
4. Department of Darrarian Affairs

Staff

 All personnel
 Pick-up and delivery operations
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  The administrative memo application

Inspection and Audit

 Inspection reports  Disconnect the salts and signatures

 Labor size statistics

Maintenance: Continue all maintenance

5. Information Coordination Service

Coordination with the Directorate of Informatics in relation to: *

 Supervise the delivery of software to

branches
 Follow up on the use of hardware and
software in the branches
 Continue saving and archiving
information
 Emergency plans to continue
 Follow up on maintenance contracts for
the hardware and software


9
 13. Legal affairs

Functions of the Directorate of Legal Affairs:

• Legal opinion on matters raised by the Chambers of the Bank

• Legal opinion on applications from the banking and financial sector
• Regulation of the Banking/Financial institutions Regulation
• Legal monitoring of banking sector conditions (Cash and Credit Act/Trade Act)

The Directorate is concerned with providing legal opinion to the Bank of Lebanon's departments
for the preservation of the Bank's rights, the mitigation of legal risks and the regulation of legal
documents in the Bank of Lebanon's third (contracts/warnings). In addition to dealing with
disputes arising between Bank of Lebanon and others, and following up the files that are the
subject of the legal dispute between Bank of Lebanon and others with the Bank's lawyer and
consultants.

It is studying the draft laws on the financial and banking system (referred to the Council of
Ministers) presented for discussion in the parliamentary committees, proposing bills that would
develop the banking sector and drafting the regulatory and global laws for the banking sector and
the general public.

The Directorate of Legal Affairs shall have legal control over:

 Commercial banks, specialized and Islamic

 Financial institutions
 Finance leases
• Exchange companies
• Money transfer companies
• Representative offices (Lebanese and foreign banks)
• Financial contours

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 14. Midclear:

Medclear s.a.l. It is a center for custody and clearing of financial instruments for Lebanon and
the Middle East. It was established in June 1994 under Law No. 139 with a capital of LBP
2,800,000,000. The Banque du Liban contributes 98% of the capital, to which local and foreign
banks and financial institutions are affiliated, in addition to clearing institutions and exporters.

Medclear was established for the following reasons:

• Desire of the competent authorities to develop organized financial markets

• Simplify the management of financial instruments

• Make trading easy and safe among professionals

• Facilitate the implementation of operations

• Taking into account international regulations

This system helps the financial intermediary to reduce the risk to the opposing team, the
settlement of transactions date (day +3), and the work of the broker becomes safe and contributes
to the official definition of the broker” in the financial markets. As for the issuers, it helps in
obtaining in an easy way information about the shareholders, executing the operations on the
sukuk and reducing the cost of issuing certificates. And finally, it helps investors to keep
securities in a safe place.

Services offered by Medclear:

• Settlement and clearing of domestic financial instruments

• Settlement and clearing of financial instruments listed in foreign markets

• Sukuk Custody Services

• Management of shareholder records

• Sukuk Management

11
• Investment fund services management

• Communication services via the SWIFT system and the Internet

15. Compliance unit:

The Governor of the Banque du Liban, based on the Monetary and Credit Law, in particular
Articles 70 and 174 of it, on the decision of the Central Council of the Bank of Lebanon adopted
in its session held, 1/9/2013, decided that banks and financial institutions must “establish the
working In compliance with the “Department Compliance” tasks detailed in Article Five of this
decision, it is divided into: - “The Legal Compliance Unit” that detects legal risks and hedges
them by taking the necessary risks and mitigating them. - The “Verification Unit” of the
implementation of the applicable procedures, laws and regulations related to combating money
laundering and terrorist financing (Unit Compliance CFT/AML) whose tasks are specified in
Basic Decision No. 7818 dated 5/18/2001.

“Compliance Unit” means:

• By preparing a work program consistent with the size, nature and complexities of the bank or
financial institution's operations, in which it defines a work plan to review the compliance of the
bank or financial institution with the laws and regulations in force.

• Identifying and evaluating the risks of non-compliance associated with the activities of the
bank or financial institution, especially the non-compliance risks associated with new products
and activities

• Assessing the effectiveness of the procedures taken by the bank or financial institution to
discover abuses.

• Ensuring the extent to which the employees of the bank or financial institution comply with the
policies set by the bank or financial institution by conducting appropriate tests.

• Carrying out procedures to verify compliance with the laws, regulations, procedures and
instructions issued by the Bank of Lebanon, the Banking Control Commission, the Special
Investigation Commission or any other competent authority.

12
• Keeping abreast of developments in laws and regulations and proposing the necessary
amendments to the policies and procedures of the bank or financial institution in line with these
developments.

• To ensure that the necessary corrective measures are applied when any violations resulting
from non-compliance are discovered.

16. financial markets

The National Authority for Financial Markets was established by Law No. 161 dated August 17,
2011. Its center is in Beirut.

Consisting of :

• the Council

• General Secretariat

• Financial Market Supervision Unit

• Sanctions Committee

In order to achieve its missions, the Markets Authority shall coordinate and cooperate with its
counterparts and with the Banque du Liban or any other concerned authority or institution in
Lebanon and abroad.

The "B Markets Authority" is concerned with maintaining the safety of savings employed in
financial instruments by encouraging the financial markets in Lebanon and coordinating between
the various concerned sectors. It has the right to carry out the activities and tasks entrusted to it
for this purpose, including:

• Organizing and developing the financial markets in Lebanon and seeking to increase the use of
these markets by investors and exporters in Lebanon and abroad.

• Reducing the risks of the system (Risk Systemic) in the financial markets

13
• Protecting investors from illegal, incompatible or unfair practices, including the prohibition of
direct or indirect personal exploitation of privileged information in dealing in financial markets.
452

• Regulating how information is accessed by persons who distribute financial instruments to the
public

• Determining the work framework and organizing the professional activities carried out by
persons who practice business related to financial instruments and ensuring their adherence to
professional ethics

• Regulating and supervising the work of licensed stock exchanges or of persons providing
depository, clearing or settlement services.

• Laying down the general regulatory framework for listing financial instruments and approving
their trading in stock exchanges

• Issuing licenses to market intermediaries who provide services to investors and exporters

• . Issuing licenses for financial evaluation companies (Agencies Rating Financial), defining their
framework and regulating them.

• Licensing collective investment bodies, including joint funds for investment in securitization
operations.

• Punishing administrative violations of the provisions of this law and the regulations taken in
implementation of it.

• Disclosing distinctive information or promoting false information to request prosecution for

exploitative or misleading crimes related to financial instruments or instruments or the issuers of
these instruments and instruments.

17. Department of Banking

The Directorate of Financial Markets was established by Resolution No. 5317 dated 12/23/1993
to form a unit of the Banque du Liban. It is concerned with following up the developments of the
financial markets, proposing the necessary circulars and laws for these markets and verifying the
14
proper conduct of operations and clearing of securities. It also supervises the accounts of
exporters in the financial market and is concerned with improving and updating the performance
of these markets.

The Department of Banking has two departments as follows:

• The interest of exchange institutions, contours, and financial institutions whose work is limited
to credit and financial leasing companies.

• Department of financial and banking operations by electronic means and studies

At the beginning of 2016, work was done to amend the administrative structure in cooperation
with the Directorate of Organization and Development and the Directorate of Human Resources
to include:

• The interest of exchange institutions.

• Department of financial and banking operations by electronic means and studies.

• Department of contours and financial institutions whose work is limited to credit and financial
leasing companies.

The Directorate of Banking follows up on exchange institutions in Lebanon. Therefore, it studies

the files of these institutions when they are established, follows up on their activities in general,
and submits suggestions and reports related to this sector. The Banque du Liban has reorganized
this sector, especially after the issuance of the new law regulating the money exchange
profession No. 347 dated 6/8/2001. These companies were classified according to the nature of
their activity, which entailed setting the minimum capital for each of their categories for the
aforementioned law. The Banque du Liban specified by circular No. 13 dated 27/9/2001 The
ceiling of travellers' checks, provided that the checks for collection fees do not exceed 10
thousand US dollars. It also specified the documents required to obtain a license, the facilities
ceiling, which was set at 50% of the company's capital, and the application system for full-time
operations.

18. Directorate of real estate and financial assets

The Real Estate Asset Department consists of 6 sections:

15
1. Technical Department

• Studying and completing the engineering and real estate files

• Assignment and follow-up of experts and surveyors

• Studying expert reports and evaluating valuations

• Attending general assemblies

• Preparing various studies and reports

2. Legal Department

Organizing contracts of purchase, sale, investment, release, discharge, etc., follow-up on

lawsuits, and suggest appropriate legal steps when necessary, as well as the legal aspect in
dealing with urgent problems, preparing books, warnings, receiving guarantees, and others. In
addition to following up on the lettering of references to papers in kind, insurances, lawsuits, and
others, and following up on the items listed above, in coordination with the Legal Affairs
Directorate.

3. Marketing department

• Preparing an annual marketing plan

• Giving information about real estate

• Receiving and following up on purchase orders and interest

• Conducting solicitations for real estate monetization (advertising, preparing files, receiving
customers, opening offers)

• Preparation and follow-up of sales and investment transactions

• Monitoring the real estate market

4. Outdoor unit section

• Suggesting what is required to monitor, maintain and develop the real estate situation

• Follow up and receive maintenance work

16
• Periodic visits to real estate and accompany those wishing to buy or invest

• Receipt and delivery of real estate

• Securing the directorate's documents from the competent departments

5. Archive Section

Archiving reports, documents, referrals, and others, and entering all documents and information
into a special program for the archive, as well as keeping the original title deeds, contracts and
important documents in the safe of the main directorate, and following up the tasks of the archive
department in coordination with the Central Archives at the Banque du Liban.

6. Information section

Keeping pace with the design and development of the directorate’s information program and
managing the information system upon completion of its programming, as well as following up
on the above two items in coordination with the Informatics Directorate

The Financial Assets Department consists of 3 sections:

1. Department of Recruitment:

• Preparing daily reports on the bank's reserves of foreign currencies, their sources and uses, and
monitoring the rates and amounts of interest collected and paid on them.

• Determining the banks that are allowed to deal with them and the employment ceilings for each
of them. Monitoring and following up on the conditions of these banks and adjusting the
specified ceilings when needed.

• Monitoring the financial markets and global interests and studying their effects on the bank's
employment.

2. Credit Department

Credits granted to banks and the public sector under the Money and Credit Law and the Merger
Law** or special laws and according to the bank’s circulars in relation to:

• Studying the required advance file and proposing amounts and conditions.

17
• Submitting the study to the Central Council to take the appropriate decision.

• Follow up the implementation of the decision of the Central Council with the concerned
directorates and with the borrowers.

• Monitoring the accounting of entries, balances and disclosures related to these loans in
cooperation with the Accounting Department in the Financial and Real Estate Asset Department.

3. Contributions and Participations Section:

• Studying the financial conditions of companies in which the Banque du Liban contributes or in
which the Lebanese state is represented, through general assemblies and the reports of the
supervisory commissioners.

Preparing any reports or studies related to the contributions requested by His Excellency the
Ruler or the Central Council that may reach the investor’s information statement: (Prospectus.)

Follow-up accounting for entries, balances and disclosures related to these contributions.

The current contributions of the Banque du Liban

▫ Middle East Airlines S.A.L

▫ Intra Investment Company SAL. and its subsidiaries

▫ Medclear s.a.l.

XIX. Directorate of real estate and financial assets

The Real Estate Asset Department consists of 6 sections:

1. Technical Department

• Studying and completing the engineering and real estate files

• Assignment and follow-up of experts and surveyors

• Studying expert reports and evaluating valuations

• Attending general assemblies

• Preparing various studies and reports

18
2. Legal Department

Organizing contracts of purchase, sale, investment, release, discharge, etc., follow-up on

lawsuits, and suggest appropriate legal steps when necessary, as well as the legal aspect in
dealing with urgent problems, preparing books, warnings, receiving guarantees, and others. In
addition to following up on the lettering of references to papers in kind, insurances, lawsuits, and
others, and following up on the items listed above, in coordination with the Legal Affairs
Directorate.

3. Marketing department

• Preparing an annual marketing plan

• Giving information about real estate

• Receiving and following up on purchase orders and interest

• Conducting solicitations for real estate monetization (advertising, preparing files, receiving
customers, opening offers)

• Preparation and follow-up of sales and investment transactions

• Monitoring the real estate market

4. Outdoor unit section

• Suggesting what is required to monitor, maintain and develop the real estate situation

• Follow up and receive maintenance work

• Periodic visits to real estate and accompany those wishing to buy or invest

• Receipt and delivery of real estate

• Securing the directorate's documents from the competent departments

5. Archive Section

Archiving reports, documents, referrals, and others, and entering all documents and information
into a special program for the archive, as well as keeping the original title deeds, contracts and

19
important documents in the safe of the main directorate, and following up the tasks of the archive
department in coordination with the Central Archives at the Banque du Liban.

19. Banking Directorate

The banking department consists of:

- scanning section,

- information department,

- Central Credit Risk Office,

- Central office for returned checks

The tasks of the survey department are:

- To check credit requests from banks

- to examine banks' requests to establish new branches or merge,

- Supervising the financial position of banks, their sources and uses of their funds,

- To keep up-to-date information on banks.

The Information Department collects information about banks, financial institutions and related
entities. The Central Office of Credit Risk provides operating banks and financial institutions,
upon their request and in strict confidence, with information on the total credit granted to the
debtor without specifying the sources of lending. The Central Bureau of Bounced Checks
provides the operating banks, in strict confidence, with information about the bounced checks
and/or their issuers.

20. Directorate of Statistics and Economic Research

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The duties of the Department of Statistics and Economic Research are:

1) preparing statistical data on economic and financial activities;

2) to provide information on economic, financial and monetary conditions; Preparing monthly

and quarterly bulletins, reports and other publications. In addition to conducting research on
economic, monetary and financial issues.

The department consists of the Statistics Department and the Economic Research Department

21. Informatics Directorate

The Information Technology Department is responsible for the development and application of
information technology in the Central Bank.

Its role includes:

• Automation of bank business functions using the latest proven technologies;

• Applying the best IT standards.

• Provide, develop, implement and manage the information technology infrastructure that ensures
the continuity of the provision of banking services and essential internal business;

The Informatics Directorate at the Banque du Liban prepares the necessary informatics programs
to implement the aforementioned system, distributes them to banks and financial institutions, and
secures the necessary training for proper use and application.

22. Payment systems

This directorate was established on April 22, 2010, after the Directorate of Ongoing Operations
was abolished. It undertakes all tasks related to payment systems, including:

• Implementation of the new national payment system

• Manage and supervise payment systems

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• Perform all types of clearing and settlement operations, in particular clearing of checks, cards,
and transfer payments

• Conducting studies on payment systems, and preparing relevant analytical and statistical
reports.

• Achieving monetary and financial stability.

It consists of 3 sections:

1. Operations: It operates electronic systems (BDL-RTGS Instant Gross Settlement System,

BDL-CLEAR Retail Payment System, and PayGov System, which is in the process of working
on it) in addition to manual systems such as payment and check collection...

2. Monitoring: It supervises and controls the electronic payment systems.

3. Research: It prepares reports and statistics that help in setting monetary and banking policies.

Supported electronic systems:

- BDL-RTGS Instant Gross Settlement: Issued on July 9, 2012, revolves around the transfer or
receipt of domestic funds to and from participants. This system offers a secure and reliable
payment method that adheres to international standards.

- BDL-CLEAR Retail Payment System, issued in May 2013, is a clearing system for retail
payment methods.

PayGov: It is an application that facilitates the issuance and receipt of money from the
government.

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